CPPIB restructures investment department

The C$123 billion ($118 billion) Canada Pension Plan Investment Board has undergone an executive restructure including the creation of two new positions reporting to the chief executive: executive vice president, investments; and chief investment strategist.

Each of the three investment departments – public markets, private investments and real estate – will now report to Mark Wiseman in his role as executive vice president, investments. His previous role as head of private investments will be filled by Andre Bourbonnais who joined the team in 2006.

In addition Don Raymond will become senior vice president and chief investment strategist responsible for portfolio design and the research department as well as overall CPP fund level investment strategy.

Both Raymond and Wiseman will report to chief executive David Denison.

Meanwhile Jim Fasano will head the principal investing team within CPPIB’s private investments department.

At September 2009, the fund’s asset allocation was: 44.6 per cent of total capital in public equities, 11.2 per cent in private equities, 30.7 per cent in fixed income, 5.6 per cent in real estate. 3.1 per cent in inflation-linked bonds and 4.8 per cent in infrastructure.